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Daily Dutch News in English

Dutch company car market continues to shrink

The company car market continues to shrink in the Netherlands, according to figures published by the Central Bureau of Statistics (CBS).

On 1 January 2011 fewer cars were registered in the names of companies than on 1 January 2010 when there had also been a year-on-year decline.

Furthermore, the trend is for companies to acquire smaller, lighter, more fuel-efficient cars. Because there is a rapid turnover rate, the average company car at the start of 2011 was lighter than at the start of 2010.

Op 1 January 2011 companies in the Netherlands owned over 859 thousand cars. This is down 1.6 percent on 1 January 2010. It is the second year in a row in which company car ownership declined. At the record high of 1 January 2009, companies still owned nearly 909 thousand cars. In the course of 2009 the number of company cars fell by nearly 4 percent. This was the largest decrease registered.

The number of company cars running on diesel and LPG has fallen by 6 and 21 percent respectively in 2010. At the start of 2011 companies owned more petrol, hybrid or electric cars. There was an increase of more than 36 percent in hybrids in 2010, reaching nearly 32 thousand. In 2009 the number of hybrids nearly doubled.

Source: CBS